FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 21 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.0185 up 0.0022 Chicago corn closed moderately lower. MAR13 HI 7.01 1/4 DEC13 HI 5.62 LOW 6.90 LOW 5.53 CLOSE6.90 3/4 Down 9 3/4 CLOSE 5.54 Down 7 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAY13+MAY13+JUL13 CK Low -0.50 6.41 252.25 -0.75 4.79 188.57 CK High -0.50 6.41 252.25 -0.70 4.84 190.54 CK Avg -0.50 -0.63 6.41 252.25 -0.73 -0.84 4.82 189.56 Essex Cty -0.50 6.41 252.25 -0.70 4.84 190.54 Mdsx Low -0.50 6.41 252.25 -0.75 4.79 188.57 Mdsx High -0.50 6.41 252.25 -0.70 4.84 190.54 Mdsx Avg -0.50 -0.63 6.41 252.25 -0.73 -0.84 4.82 189.56 Hensall -0.50 6.41 252.25 -0.73 4.82 189.56 Bruce -0.50 6.41 252.25 -0.75 4.79 188.57 Putnam -0.50 6.41 252.25 -0.75 4.79 188.57 Burford -0.50 6.41 252.25 -0.75 4.79 188.57 Port Perry -0.55 6.36 250.28 -0.75 4.79 188.57 Norfolk -0.50 6.41 252.25 -0.70 4.84 190.54 Palmerston -0.50 6.41 252.25 -0.70 4.84 190.54 Varna -0.50 6.41 252.25 -0.70 4.84 190.54 Trenton -0.60 6.31 248.32 -0.70 4.84 190.54 Winchester -0.40 6.51 256.19 -0.65 4.89 192.51 North Gower -0.74 6.17 242.80 -0.64 4.90 192.90 Huron FOB -0.45 6.46 254.22 -0.70 4.84 190.54 Kent FOB -0.50 6.41 252.25 -0.70 4.84 190.54 Lamb FOB -0.50 6.41 252.25 -0.70 4.84 190.54 Mdsx FOB -0.50 -0.40 -0.35N/A 6.41 252.25 -0.70 4.84 190.54 FOB SW Que -0.45 6.46 254.22 -0.55 4.99 196.45 Track -0.18 6.73 265.05N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A N/A N/A N/A N/A Sarn-Eth -0.35 -0.35 -0.35 -0.15 6.56 258.16N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing N/A N/A N/A -0.10 -0.55 4.99 196.45 Pt.Colb-Ing N/A N/A N/A N/A -0.50 5.04 198.42 Cardnl-Ing N/A N/A N/A N/A -0.45 5.09 200.38 W O Feed -0.13 -0.15 6.78 266.82 US Rep 0.65 0.63 7.56 297.53 Toledo El. 0.16 7.07 278.36 -0.34 5.20 204.83 TRANSFER Sarnia N/A N/A Pt. Stanley -0.46 6.45 253.83 -0.75 4.79188 4/7 Hamilton -0.39 6.52256 4/7 -0.48 5.06199 1/5 MID SD CRN -0.50 6.40 3/4 HI SD CRN -0.50 6.40 3/4 *Wet Bid Bank of Canada Noon exchange rate was 1.0185 up 0.0022 Chicago soybeans closed mixed. MAR13 HI 14.94 1/2 NOV13 HI 12.85 3/4 LOW 14.70 1/2 LOW 12.68 3/4 CLOSE14.87 3/4 Up 5 CLOSE 12.77 Down 10 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAY1+MAY1+MAY13 CK Low -0.43 14.45 530.85-0.65 12.12 445.33 CK High -0.25 14.63 537.47-0.50 12.27 450.85 CK Average -0.34 -0.6314.54 534.10-0.60-0.8712.17 447.17 Essex Cty -0.22 14.66 538.57-0.27 12.50 459.30 Mdsx Low -0.33 14.55 534.53-0.60 12.17 447.17 Mdsx High -0.30 14.58 535.63-0.51 12.26 450.48 Mdsx Average -0.32 -0.6014.56 535.08-0.56-0.8312.22 448.82 Hensall -0.30 14.58 535.63-0.58 12.20 448.09 Bruce -0.30 14.58 535.63-0.60 12.17 447.17 Putnam -0.30 14.58 535.63-0.65 12.12 445.33 Burford -0.33 14.55 534.53-0.51 12.26 450.48 Port Perry -0.36 14.52 533.43-0.54 12.23 449.38 Norfolk -0.20 14.68 539.31-0.55 12.22 449.01 Palmerston -0.35 14.53 533.79-0.60 12.17 447.17 Varna -0.30 14.58 535.63-0.55 12.22 449.01 Trenton -0.53 14.35 527.18-0.52 12.25 450.11 Winchester -0.52 14.36 527.55-0.37 12.40 455.62 North Gower -0.28 14.60 536.37-0.50 12.27 450.85 Huron FOB -0.20 14.68 539.31-0.45 12.32 452.68 Kent FOB -0.25 14.63 537.47-0.60 12.17 447.17 Lambton FOB -0.25 14.63 537.47-0.60 12.17 447.17 Middlesex FOB-0.27-0.040.01 0.01 14.61 536.73-0.35 12.42 456.36 PROCESSORS Hamilton 0.13 0.35 0.35 0.40 15.01 551.43-0.05 12.72 467.38 Windsor 0.00 0.18 0.20 0.21 14.88 546.65-0.04 12.73 467.75 Winchester N/A N/A TRANSFER Hamilton 0.05 N/A N/A N/A 14.93 548.490.00 12.77 469.22 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 0.28 15.16 556.940.25 13.02 478.40 Toledo El. 0.02 14.90 547.40-0.39 12.38 454.96 Bank of Canada Noon exchange rate was 1.0185 up 0.0022 Chicago wheat closed moderately lower to lower. MAR13 HI 7.38 1/4 JUL13 HI 7.47 1/4 LOW 7.19 1/4 LOW 7.26 1/4 CLOSE 7.21 1/4 Down 17 1/4 CLOSE 7.28 Down 20 Minni wheat closed moderately lower. MAR13 HI 8.20 3/4 SEP13 HI 8.45 1/2 LOW 8.05 1/4 LOW 8.29 1/4 CLOSE 8.06 1/2 Down 14 1/4 CLOSE 8.30 1/4 Down 15 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.42 -0.22 -0.57 -0.76 CAD $/bu 6.79 7.00 6.64 7.30 CAD $/tonne 249.57 257.06 243.95 268.40 Direct MarkHarvest 2012 Harvest 2013 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A -0.80 N/A N/A -0.95 -1.05 N/A London -0.61 -0.66 -0.71 N/A -0.61 -0.76 -0.97 N/A Hensall -0.60 N/A -0.80 N/A -0.70 N/A -1.05 N/A Trenton N/A N/A N/A N/A N/A N/A -1.30 N/A Winchester N/A N/A N/A N/A N/A N/A N/A -0.90 Essex N/A N/A -0.76 N/A N/A N/A -1.00 N/A Norwich -0.60 N/A -0.80 N/A -0.70 N/A -1.05 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.65 N/A -0.85 N/A -0.75 N/A -1.05 N/A Chatham N/A -0.68 -0.73 N/A N/A -0.88 -0.98 N/A Brigden N/A -0.68 -0.73 N/A N/A -0.88 -0.98 N/A Palmerston N/A -0.43 -0.68 -0.59 N/A -0.73 -0.98 -0.74 Varna -0.40 -0.50 -0.65 N/A -0.55 -0.90 -0.10 N/A Mitchell -0.60 -0.75 -0.80 N/A -0.70 -0.85 -1.05 N/A Thornton N/A N/A N/A -1.03 N/A N/A N/A N/A North Gower N/A N/A N/A -0.76 N/A N/A N/A -0.74 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A -0.17 N/A N/A N/A -0.68 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 0.24N/A 0.56N/A -0.05N/A Toledo El. 6.98US 7.12CA 7.05US 7.20CA GFO Contract Wheat Prices - DEL Terminal Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.30 -0.25 -0.76 -0.74 CAD $/bu 6.98 7.03 6.52 7.56 CAD $/tonne 256.32 258.19 239.43 277.80 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 360.00 - 365.00 Bayport Oats 350.00 Bayport Barley 330.00 FOB Hm Soymeal 506.30 - 512.91 DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00